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African Development Bank Earmarks €10 Million Equity Investment to Drive Africa Tech Startups
The investment will help Cathay-AfricInvest Innovation Fund meet its target of securing €110m to invest in over 20 early-stage ventures across sub-Saharan Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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World Bank Lowers Growth Outlook, Eyes $170 Billion Emergency Funding
Problems pushed the World Bank to target a new emergency financing window of $170 billion for the world’s lowest-income nations.
- Categories
- Coronavirus, Finance
- Region
- Global
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Ualá Founder Raises US $30 Million for Latin American Venture Capital Fund
Founder of Argentine fintech Ualá, Pierpaolo Barbieri, launches venture capital firm with US$30 million from a roster of investors.
- Region
- Latin America
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IMF Approves $45 Billion Fund to Support Economic Resilience in Poor and Middle-Income Countries
The Resilience and Sustainability Trust will 'amplify the impact' of the $650 billion special drawing rights allocation implemented last August.
- Categories
- Finance
- Region
- Global
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How the Founder of $12 Billion Startup Goodleap Is Revolutionizing Nonprofit Funding
Solar power entrepreneur Hayes Barnard discovered an innovative revenue model for charities, which fuels his nonprofit GivePower.
- Region
- Global
- Tags
- clean energy, funding, investing, nonprofits, renewable energy, solar, startups, WASH, water
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African Development Fund Provides $5 Million for Desert to Power Program in 4 Countries
The African Development Fund is providing a technical assistance grant for the implementation of the Desert to Power program in four countries in the eastern Sahel.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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South Africa HR Startup SmartWage Raises $2 Million Seed Round
South Africa’s SmartWage, an HR and communications technology startup, has raised US$2 million in an oversubscribed seed funding round.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Aavishkaar Raises $130 Million for First Close of Latest Fund
Aavishkaar Capital has raised more than ₹1,000 crore ($130 million) for the first close of its latest impact investment fund.
- Region
- Global
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